Goldman Sachs Quotes

Keynes vs Hayek? Friedman vs Krugman? Those are the wrong intellectual debates. Its you vs. Tony Hayward, BP CEO, You vs. Lloyd Blankfein, Goldman Sachs CEO. And you are losing ... ~ Barry Ritholtz

When the Goldman Sachs saleswoman called Mike Burry and told him that her firm would be happy to sell him credit default swaps in $100 million chunks, Burry guessed, rightly, that Goldman wasn't ultimately on the other side of his bets. Goldman would never be so stupid as to make huge naked bets that millions of insolvent Americans would repay their home loans. He didn't know who, or why, or how much, but he knew that some giant corporate entity with a triple-A rating was out there selling credit default swaps on subprime mortgage bonds. Only a triple-A-rated corporation could assume such risk, no money down, and no questions asked. Burry was right about this, too, but it would be three years before he knew it. The party on the other side of his bet against subprime mortgage bonds was the triple-A-rated insurance company AIG - American International Group, Inc. ~ Michael Lewis

I've nothing against Goldman Sachs. But Goldman Sachs isn't an investment bank. Goldman Sachs is a hedge fund. It's bigger than any hedge fund. It's more leveraged, to the power of three or five, than any hedge fund. ~ Nouriel Roubini

Thus the only Goldman Sachs employee arrested by the FBI in the aftermath of a financial crisis Goldman had done so much to fuel was the employee Goldman asked the FBI to arrest. ~ Michael Lewis

The people in a position to resolve the financial crisis were, of course, the very same people who had failed to foresee it: Treasury Secretary Henry Paulson, future Treasury Secretary Timothy Geithner, Fed Chairman Ben Bernanke, Goldman Sachs CEO Lloyd Blankfein, Morgan Stanley CEO John Mack, Citigroup CEO Vikram Pandit, and so on. A few Wall Street CEOs had been fired for their roles in the subprime mortgage catastrophe, but most remained in their jobs, and they, of all people, became important characters operating behind the closed doors, trying to figure out what to do next. With them were a handful of government officials - the same government officials who should have known a lot more about what Wall Street firms were doing, back when they were doing it. All shared a distinction: They had proven far less capable of grasping basic truths in the heart of the U.S. financial system than a one-eyed money manager with Asperger's syndrome. ~ Michael Lewis

Does anyone believe that Goldman Sachs is gonna give up a deal that would yield millions of dollars because someone fussed at them behind closed doors? ~ Elizabeth Warren

The best and brightest don't go into politics. The best and brightest are at Goldman Sachs. ~ P. J. O'Rourke

Goldman Sachs did not leave the house before it began to burn; it was merely the first to dash through the exit - and then it closed the door behind it. ~ Michael Lewis

In truth, it's not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.'s derivatives deals - firms like Goldman Sachs, Merrill Lynch, Deutsche Bank, Societe Generale, Barclays and UBS. ~ Tyler Cowen

You can demonize Goldman Sachs all you want, and I'm sure there are reasons to do it. But the real pressure is all of us pressuring the companies for stock returns, and that leads to all kinds of decisions. ~ John Wells

The Justice Department needs to investigate how Goldman Sachs was able to steer things in such a manner through their former employees in the Bush administration, so that in the end Goldman's competitors have disappeared and Goldman is left standing. ~ Michael Moore

Goldman Sachs believes that economically empowering women globally is one of the best investments to grow economies, create jobs, and build more prosperous societies. ~ Dina Powell

I think that Goldman Sachs and the Pentagon determine more of America's outcome then any president or any congress, that sounds a bit cynical, but I think I am right. ~ Henry Rollins

The "consumer loan" piles that Wall Street firms, led by Goldman Sachs, asked AIG FP to insure went from being 2 percent subprime mortgages to being 95 percent subprime mortgages. In a matter of months, AIG FP, in effect, bought $50 billion in triple-B-rated subprime mortgage bonds by insuring them against default. ~ Michael Lewis

You have a guy like Bernie Madoff literally steal $80 billion, you know, AIG steal hundreds of billions, Goldman Sachs. Crime has changed so much, and to really do a movie with, like, drug dealers or drug smugglers is kind of almost quaint at this point. ~ Adam McKay

Hope does not mean that our protests will suddenly awaken the dead consciences, the atrophied souls, of the plutocrats running Halliburton, Goldman Sachs, Exxon Mobil or the government.

Hope does not mean we will reform Wall Street swindlers and speculators.

Hope does not mean that the nation's ministers and rabbis, who know the words of the great Hebrew prophets, will leave their houses of worship to practice the religious beliefs they preach. Most clerics like fine, abstract words about justice and full collection plates, but know little of real hope.

Hope knows that unless we physically defy government control we are complicit in the violence of the state. All who resist keep hope alive. All who succumb to fear, despair and apathy become enemies of hope.

Hope has a cost. Hope is not comfortable or easy. Hope requires personal risk. Hope does not come with the right attitude. Hope is not about peace of mind. Hope is an action. Hope is doing something.

Hope, which is always nonviolent, exposes in its powerlessness the lies, fraud and coercion employed by the state. Hope does not believe in force. Hope knows that an injustice visited on our neighbor is an injustice visited on us all.

Hope sees in our enemy our own face.

Hope is not for the practical and the sophisticated, the cynics and the complacent, the defeated and the fearful. Hope is what the corporate state, which saturates our airwaves with ~ Chris Hedges

He accomplished this primarily by hooking up with his best friend, Henry Goldman, before the Goldman Sachs partnership. (They toyed with creating Goldman and Lehman but instead decided on splitting the profits 50/50.) ~ Kenneth L. Fisher

One of the key psychological characteristics of the Tea Party is its oxymoronic love of authority figures coupled with a narcissistic celebration of its own "revolutionary" defiance. It's this psychic weakness that allows this segment of the population to be manipulated by the likes of Sarah Palin and Glenn Beck. The advantage is that their willingness to take orders has allowed them to organize effectively (try getting one hundred progressives at a meeting focused on anything). The downside is, they see absolutely nothing weird in launching a revolution based upon the ravings of a guy who's basically a half-baked PR stooge shoveling propaganda coal for bloodsucking transnational behemoths like JPMorgan Chase and Goldman Sachs. ~ Matt Taibbi

We're not going to beat Barack Obama with some guy who has Swiss bank accounts, Cayman Island accounts, owns shares of Goldman Sachs while it forecloses on Florida and is himself a stockholder in Fannie Mae and Freddie Mac while he tries to think the rest of us are too stupid to put the dots together to understand what this is all about ... People matter more than Wall Street. ~ Newt Gingrich

We've had this program for a number of years now, called 10,000 Small Businesses, where Goldman Sachs has convened a group of partners to basically give business education to small business owners. ~ Lloyd Blankfein

Barack Obama's large contributor was Goldman Sachs - same thing on the Republican side. If you go to both their conventions, you see the same lobbyists paying off both sides so they win either way. ~ Jesse Ventura

The dirty little secret of what used to be known as Wall Street securities firms-Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns-was that every one of them funded their business in this way to varying degress, and every one of them was always just twenty-four hours away from a funding crisis. The key to day-to-day survival was the skill with which Wall Street executives managed their firms' ongoing reputation in the marketplace ... ~ William D. Cohan

When I was planning LearnVest, everyone told me I had to talk to Ann Kaplan, one of the first female partners at Goldman Sachs. Within five minutes of our meeting, she totally got the idea - and by the time I left, she was a seed investor. ~ Alexa Von Tobel

Nathaniel Rich wrote 'Odds Against Tomorrow' well before Hurricane Sandy and its surge crashed onto the isle of Manhattan, well before the streets were flooded and the subways drowned, only the Goldman Sachs building sparkling above the darkened avenues. ~ Cathleen Schine

I can show up at a Goldman Sachs conference wearing a Judas Priest T-shirt - and I have - while everyone else is wearing the same dress. ~ Sophia Amoruso

What the mortgage bubble was all about was big banks like Goldman Sachs taking big bundles of subprime mortgages that were lent out largely to low-income, highly risky borrowers, and applying this kind of magic-pixie-dust math to these bundles of securities and slapping AAA ratings on them. ~ Matt Taibbi

Mysterious can be cool, if you're in Hollywood and everyone's happy. But it can be really bad if people perceive that the financial interests are adversarial, that there's money versus people. A lot of Goldman Sachs people went into government, so at a time when there's a distrust of institutions, some of that reflects on us. ~ Lloyd Blankfein

Goldman Sachs was one of those companies whose illegal activity helped destroy our economy and ruin the lives of millions of Americans. But this is what a rigged economy and a corrupt campaign finance system and a broken criminal justice is about. These guys are so powerful that not one of the executives on Wall Street has been charged with anything after paying, in this case of Goldman Sachs, a $5 billion fine. ~ Bernie Sanders

Goldman Sachs doesn't care if you raise chickens. ~ Jodi Dean

LAURENE POWELL. Savvy and good-humored Penn graduate, went to Goldman Sachs and then Stanford Business School, married Steve Jobs in 1991. GEORGE RILEY. Jobs's Memphis-born friend and lawyer. ARTHUR ROCK. Legendary tech investor, early Apple board member, Jobs's father figure. JONATHAN "RUBY" RUBINSTEIN. Worked ~ Walter Isaacson

Once handed the money, Paulson abandoned his promised strategy and instead essentially began giving away billions of dollars to Citigroup, Morgan Stanley, Goldman Sachs, and a few others unnaturally selected for survival. ~ Michael Lewis

If you have a traditional view of economics, you're probably thinking of Ben Bernanke making Fed policy, or the guys creating financial derivatives at Goldman Sachs. ~ Emily Oster

Everyone thinks Goldman is so fucking smart," he railed. "Just because Goldman says this is the right valuation, you shouldn't assume it's correct just because Goldman said it. My brother works at Goldman, and he's an idiot! ~ Andrew Ross Sorkin

This is what class warfare looks like: The Business Roundtable - representing Goldman Sachs, Bank of America, JP Morgan Chase and others - has called on Congress to raise the eligibility age of Social Security and Medicare to 70, cut Social Security and veterans' COLAs, raise taxes on working families and cut taxes for the largest corporations in America. ~ Bernie Sanders

Our global corporate investment bank competes with Goldman Sachs, Citibank, and a bunch of other banks that are in those businesses. We may have slightly different products or services, but so what? That's always been true in American business. ~ Jamie Dimon

The head of Goldman Sachs, Lloyd Blankfein, made it perfectly clear: sophisticated investors don't, or at least shouldn't, rely on trust. Those who bought the products the banks sold were consenting adults who should have known better. ~ Joseph E. Stiglitz

Goldman Sachs and other investment banks understood the ensuing problem so well that they began betting against the very mortgage-backed securities they were underwriting! ~ Douglas Rushkoff

Halloween's coming. Kids get very imaginative in my neighborhood. Last year, three kids showed up as Goldman Sachs executives and demanded 4.5 billion pieces of candy. ~ Jay Leno

Goldman Sachs was fundamentally responsible for the crash of 2008, but by that time its former Chairman and Chief Executive Officer, Henry 'Hank' Paulson, had been installed as US Treasury Secretary to begin the bank bail out policy, with enormous benefit to Goldman Sachs, in the closing weeks of the Bush administration. Goldman Sachs was also instrumental in the collapse of the economy in Greece that started the 'euro panic' that later engulfed Ireland. ~ David Icke

A good writer is not someone who knows how to write- but how to rewrite ~ William Goldman

Not only my arrest but the others smack of the Haymarket. The police are very much in disrepute all over the country, and they wish to do something to clear themselves. They are trying to make it an anarchist plot. If they wish to make up a case, they may succeed. ~ Emma Goldman

You mean you'll put down your rock and I'll put down my sword and we'll try to kill each other like civilized people, is that ~ William Goldman

The people are urged to be patriotic ... by sacrificing their own children. Patriotism requires allegience to the flag, which means obedience and readiness to kill father, mother, brother, sister. ~ Emma Goldman

Woolf drew on her memories of her holidays in Cornwall for To the Lighthouse, which was conceived in part as an elegy on her parents. Her father was a vigorous walker and an Alpinist of some renown, a member of the Alpine Club and editor of the Alpine Journal from 1868 to 1872; he was the first person to climb the Schreckhorn in the Alps and he wrote on Alpine pleasures in The Playground of Europe (1871). By the time he married Julia Duckworth in 1878, however, a more sedentary Leslie Stephen was the established editor of the Cornhill Magazine, from which he later resigned to take up the editorship of the Dictionary of National Biography in 1882, the year of Woolf 's birth. Stephen laboured on this monumental Victorian enterprise until 1990, editing single-handed the first twenty-six volumes and writing well over 300 biographical entries. He also published numerous volumes of criticism, the most important of which were on eighteenth-century thought and literature. ~ Jane Goldman

A little maybe; I've been saying it so long to you, you just wouldn't listen. Every time you said, 'Farm Boy do this' you thought I was answering 'As you wish' but that's only because you were hearing wrong. 'I love you' was what it was, but you never heard, and you never heard.' ~ Westley ~ William Goldman

Look, are you just fiddling around with me or what?"
"I just want you to feel you're doing well. I hate for people o die embarrassed. ~ William Goldman

Give the reader what they want, just not the way they expect it. ~ William Goldman

There were stories that the King was dying, that he was already dead, that he had been dead long since, that he was fine. ~ William Goldman

The Millennials, as a result, are less likely to be divided or even torn asunder by the culture wars of the boomer generation. They will live naturally with diversity. They will accept a more activist government. They will be more attuned to environmental needs. All this points in the direction of the mindful economy, if the healing strengths of the Millennial generation's tolerance and optimism are mobilized for collective political action. What, ~ Jeffrey D. Sachs

The combination of higher income taxation and wealth taxation would thereby raise at least 2 percentage points of GDP from the very top earners. But even if they had to pay another 2 percent of GDP, there would certainly be no need to shed tears for the rich. Their net-of-tax income would remain around 10 percent of GDP, a share of national income two-thirds higher than the 6 percent of GDP in 1980. There ~ Jeffrey D. Sachs

How the now-ubiquitous humble shopping cart was invented and adopted eighty years ago. Sylvan Goldman, a grocery store owner from Oklahoma, noticed that when his customers' baskets became too heavy or too full, people stopped shopping. Clearly their problem was his problem, too. He began to think of ways to improve the experience for his customers. In 1936 he came up with the idea of a basket carrier on wheels. ~ Bernadette Jiwa

To the indefinite, uncertain mind of the American radical the most contradictory ideas and methods are possible. The result is a sad chaos in the radical movement, a sort of intellectual hash, which has neither taste nor character. ~ Emma Goldman

I even made poor Louis take me on Crusade. How's that for blasphemy? I dressed my maids as Amazons and rode bare-breasted halfway to Damascus. Louis had a seizure and I damn near died of windburn ... but the troops were dazzled. ~ James Goldman

All unnatural unions which are not hallowed by love are prostitution. ~ Emma Goldman

Love needs no protection; it is its own protection. So long as love begets life no child is deserted, or hungry, or famished for the want of affection. I know this to be true. ~ Emma Goldman

Dummy, dummy, go out now and fill your tummy. ~ William Goldman

The hollowness was in his arms and the world was snowing. ~ William Goldman

Without community events like NewFest, I don't think we'd have a queer cinema in America. ~ Ira Sachs

Her heart was a secret garden and the walls were very high. ~ William Goldman

Leslie Stephen died in 1904. In that year his children retreated to Wales for a period and then travelled in Italy. Vanessa and Virginia went on to Paris, where they met up with Clive Bell. On returning to London, Virginia suffered
a severe, suicidal breakdown. ~ Jane Goldman

Sustainability, or fairness to the future, therefore involves the concept of stewardship, the idea that the living generation must be stewards of the earth's resources for the generations that will come later. That's a tough role to play. There is nothing natural or innate about it. We need to defend the interests of those whom we've never met and never will. Yet those are our descendants and our fellow humanity. Alas, it's a role that we've mostly ignored till now, to the increasing peril of all who will follow. The ~ Jeffrey D. Sachs

If voting changed anything, they'd make it illegal. ~ Emma Goldman

Show me any health professional - great and not so great - who says they don't make mistakes or haven't made one in years, and I'll show you someone who has trouble admitting the truth. ~ Brian Goldman

America is particularly boastful of her great power, her enormous national wealth. Poor America, of what avail is all her wealth, if the individuals comprising the nation are wretchedly poor? If they live in squalor, in filth, in crime, with hope and joy gone, a homeless, soilless army of human prey. ~ Emma Goldman

This is our greatest challenge: learning to live in a crowded and interconnected world that is creating unprecedented pressures on human society and on the physical environment. ~ Jeffrey Sachs

No one could be following us yet?" the Spaniard asked. "No one," the Sicilian assured him. "It would be inconceivable." "Absolutely inconceivable?" "Absolutely, totally, and, in all other ways, inconceivable," the Sicilian reassured him. "Why do you ask? ~ William Goldman

The individual whose vision encompasses the whole world often feels nowhere so hedged in and out of touch with his surroundings as in his native land. ~ Emma Goldman

There was no denying the fact that there was a certain excitement in the air. ~ William Goldman

I started making movies in the early '90s, a few years after I discovered 'the cinema' during a three month stay in Paris during which I watched 100s of films. ~ Ira Sachs

Anarchism is the great liberator of man from the phantoms that have held him captive; it is the arbiter and pacifier of the two forces for individual and social harmony. ~ Emma Goldman

My life just got taken over by my cooking. If you don't have any discipline, which I don't, you can make 10 gallons of chocolate mousse, take a spoonful and another and another, and you won't realize you've eaten like five servings of it. It's just what you do. ~ Duff Goldman

No, it is not because woman is lacking in responsibility, but because she has too much of the latter that she demands to know how to prevent conception. ~ Emma Goldman

My films might have been queer - because I was - but they were not gay. ~ Ira Sachs

The new doctors all agreed on various tried-and-true medications, and within forty-eight hours of their coming on the case, the King was dead. ~ William Goldman

I value my correspondence with writers ... I was in New York and had lunch with Oliver Sachs and compared notes with him - he is someone I really like. I love staying in written correspondence with some writers. That's enough for me. ~ Alan Lightman

Redemption through the Cross is worse than damnation, because of the terrible burden it imposes upon humanity, because of the effect it has on the human soul, fettering and paralyzing it with the weight of the burden exacted through the death of Christ. ~ Emma Goldman

She loves you," the Prince cried. "She loves you still and you love her, so think of that
think of this too: in all this world, you might have been happy, genuinely happy. Not one couple in a century has that chance, not really, no matter what the storybooks say, but you could have had it, and so, I would think, no one will ever suffer a loss as great as you. ~ William Goldman

Groin' is a funny word," Babe said quietly. "I don't know the German for it, but I'm sure you do." He began to talk more quickly then, because he could tell Szell was starting to die. "Oh, maybe you didn't see it in the papers, but they've made this fabulous theological discovery, do you know what they've found? People don't go to heaven or hell, they all go to one spot first, sort of a way station, and that's were things happen, because, you probably won't believe this, but some people on this earth have been known to do bad things to other people, innocent people, and at this way station, the innocent people wait, and then when their savager comes, they get to exact a little portion of revenge. God says revenge is good for the soul. Do you know who's waiting for you, Mr. Szell? All the Jews. They're all there, and you know what else? They've all got drills, like you used on me - remember how you said how wonderful it was, anyone could learn that, how to use them? Well, they have and they're waiting, and I don't know about you, but I think it's gonna be terrific."

Szell was almost dead now, but Babe just had time to get it in.

Have a swell eternity," Babe said... ~ William Goldman